VERY HIGH TURNOVER CONVENIENCE STORE IN NORTH EAST REGION

Under offer

£395,000

For Leasehold


  • Reference: NEY 15
  • Type: Convenience Store
  •  Print
Description

VERY HIGH TURNOVER CONVENIENCE STORE IN NORTH EAST REGION 

SHOP LOCATED ON VERY LARGE HOUSING ESTATE WITH APPROX 4000 HOUSES 

NO OTHER COMPETITION NEAR BY 

ABSOLUTE MONOPOLY LOCATION 

VERY RARE OPPORTUNITY 

TURNOVER £38,000 PER WEEK ( EXCLUDING LOTTERY AND PAYPOINT SALES)

22% GROSS PROFIT MARGIN 

TOBACO SALES £7000 PER WEEK 

NEWSBILL £1800 PER WEEK 

BUSINESS IS OPERATED TOTALLY UNER MANAGEMENT 

LATEST 2021 ACCOUNTS SHOW NET PROFIT OF £135,000 AFTER TAX 

PLEASE NOTE THAT THIS IS A HIGHLY CONFIDENTIAL SALE AND LOCATION DETAILS WILL NOT BE RELEASED UNTIL PROOF OF FUNDS IS PROVIDED AND A NON DISCLOSURE CONFIDENTIAL AGREEMENT IS SIGNED. POTENTIAL BUYERS WILL ALSO NEED TO PROVIDE PHOTO ID IN ORDER TO GET DETAILS OF THIS BUSINESS.

 

GROUND FLOOR SHOP SIZE APPROX 3500 SQ FT AND STORE ROOM APPROX 500 SQ  FT AND OFFICE 150 SQ FT AND STAFF TOILETS 50 SQ FT  TOTAL GROUND FLOOR SIZE 4200 SQ FT 

LARGE GROUND FLOOR SHOP 

BUSINESS BEEN IN CURRENT OWNERSHIP FOR APPROX 27 YEARS, RETIREMENT SALE 

OPENING HOURS MONDAY - SUNDAY 7.00AM - 10.00PM 

STAFF - MANAGER + ASSISTANT MANAGER + 12 PART TIME 

 

RENT £25,000 PA, 4 YEARS LEFT ON LEASE, NEW LONGER LEASE AVAILABLE WITH SEPERATE NEGOTIATIONS WITH LANDLORD 

GUIDE PRICE £395,000 LEASEHOLD + STOCK AT VALUATION

 

PLEASE NOTE THAT THIS IS A HIGHLY CONFIDENTIAL SALE AND LOCATION DETAILS WILL NOT BE RELEASED UNTIL PROOF OF FUNDS IS PROVIDED AND A NON DISCLOSURE CONFIDENTIAL AGREEMENT IS SIGNED. POTENTIAL BUYERS WILL ALSO NEED TO PROVIDE PHOTO ID IN ORDER TO GET DETAILS OF THIS BUSINESS.

 

EPC RATING D.

 

PLEASE NOTE THIS IS A HIGHLY CONFIDENTAIL SALE AND NO DIRECT APPROACH MUST BE MADE TO OWNERS OR STAFF, STAFF UNAWARE OF SALE.FOR FULL DETAILS AND VIEWIN G APPOINTMENT PLEASE CONTACT SOLE SELLING AGENTS NEY COMMERCIAL ON TEL - 01642 762710 - MOBILE - 07850069203 OR EMAIL admin@neycommercial.co.uk QUOTE REF NEY 15 www.neycommercial.co.uk